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Consider the following data:
Period
Demand
10
248
11
430
12
324
13
263
14
555
1) Develop a 3 period moving average forecast for periods 13-15
2) Develop two period weighted moving average model for periods 12-15. Use weights of 0.7 and 0.3, with the most recent observation weighted the highest
3) Develop an exponential smoothing forecast (SD=0.25) for Periods 11-15. Assume the forecast for period 10 was 294.
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